Long term Lease of KIT Shops
Public Private Partnership Project (PPP)
RESIDENTIAL/COMMERCIAL COMPLEX ON KMDA LAND AT MANICKTALA
The dilapidated Work-cum-Living Centre at Maniktala nera Ultadanga Rly. Station to be redevelope, coupled with resettlement of 160 KMDA / State Govt. employees residing there in equal number of LIG flats. Each of them would have to purchase the flats from KMDA at cost price. The remaining area at the site to be used for commercial purposes. Total area 5.93 acre.
Estimated Cost (Rs. in Crore)
Rs. 175 crore
Name of Selected Private Developer
Fort Projects Pvt. Ltd.
Period of Contract / Covenan
Dev Agrmt between KMDA and Fort Projects Pvt. Ltd. (FPPL) signed on 09-04-08. Housing Dept. needs to hand over the land to KMDA for executing with lease deed FPPL Building plans awaiting approval KMC. AAI clearance awaited. Repair work of the buildings completed. Shifting of families already completed. Demolition of old buildings to start soon.